Burlington, Ontario Appleby Line at Dundas Street

Transcription

1 Burlington, Ontario ppleby Line at Dundas Street

2 BRING YOUR BUSINESS TO PPLEBY CROSSING ppleby Crossing Shopping Centre is a twophase, unenclosed retail development located in Burlington, Ontario. Phase 1 is stabilized and anchored by a Fortinos (Loblaws) grocery store (79,000 sf). Development approvals for Phase 2 are now in place and construction began during the spring of 2014 with the first tenants scheduled to open in early regional area. Drawing from a suburban trade area featuring attractive demographics, this retail market is vibrant and dynamic and benefits from strong population growth. The project currently hosts a mix of high-quality national brands such as Winners, SportChek, Dollarama, and Hallmark, and provides a mix of excellent retail, food, and service offerings including Hero Certified Burgers, Cora Breakfast & Key Features:» New development» Fortinos supermarket anchor» Strong tenant mix» Existing stable retailers and new development opportunities» High traffic location» Excellent access with two full-move signalled» bundant parking (Phase 2 = 4.5/1000 sf)» Neighbouring newly established high-income residential communities» Continuing rapid residential growth in the North Burlington trade area» Within 1.5 kilometres of Highway 407» Within 3 kilometres of Highway 403/QEW ppleby Crossing is located on a prominent corner lot at the intersection of ppleby Line and Lunch, Flight Centre, and RBC Financial. Phase 2, which will be anchored by Michaels and PetSmart, will offer approximately 75,000 sf at completion and intersections onto ppleby Line and access to Dundas Street Dundas Street, two major commercial arterial be directly connected to Phase 1. routes that meet in North Burlington s key retail node and accommodate shoppers from a wide

3 E E T S T R PROPOSED FITNESS of ppleby Line and Dundas Street/Highway 5, offer an additional 75,000 sf of commercial retail 1.5 kilometres south of Highway 407 in North space to this well-developed retail node. The two Burlington and will feature approximately phases will be connected aesthetically through 300,000 sf of GL at completion. ppleby similar architectural treatments and physically via Crossing Phase 1 offers a full selection of quick a private vehicular and pedestrian bridge over service restaurants, services, and a varied group Sheldon Creek running between the two lots. of distinctive local and leading national retailers. The end result will be a single, cohesive 37 acre With the first tenant (Fionn MacCool s pub) shopping centre. PROPOSED RESTURNT PROPOSED GS BR RETIL C DOLLRM EXISTING MULTIPLE TENNT BUILDING RETIL J RBC RET. H RETIL G EXISTING MULTIPLE TENNT BUILDING PHSE 1 P P L E B Y E E T S T R L I N E EXISTING MULTIPLE TENNT BUILDING N D PHSE 2 I MICHELS D S D U N EXISTING MULTIPLE TENNT BUILDING RETIL E C PHSE 2 SPORTCHEK RETIL B RE TI LD opening for business in early 2015, Phase 2 will WINNERS RET. F ppleby Crossing is located at the intersection RETIL D S D U N SITE OVERVIEW PHSE 1 FORTINOS N N PETSMRT VILBLE T I O N VILBLE UNIT 1 PROPOSED BUILDING 'H' UNIT 1 PROPOSED BUILDING 'H' UNIT 2 UNIT 3 UNIT 2 UNIT 3 PROP. BLDG. 'K' PROP. BLDG. 'K' PROPOSED BUILDING 'L' PROPOSED ROD P P L E B Y L I N E PROPOSED BUILDING 'L' FIONN MCCOOL S VILBLE P P L E B Y L I N E L R I L W Y S

4 IDEL LOCTION With a population of over 175,000 residents (2011), Burlington is situated in Halton Region on the western boundary of the Greater Toronto rea (GT), approximately 50 kilometres from downtown Toronto. Highway 407 and the Queen Elizabeth Way/Highway 403 provide easy access into Toronto. Burlington is very well-served by GO Transit along the Lakeshore West Line, offering frequent access for commuters to the downtowns of Oakville, Mississauga, and Toronto. s a result Burlington has grown rapidly over the past 20 years as an affordable bedroom community. Burlington has a diverse economic base with sector concentrations in advanced manufacturing, financial services, information & communications technology, and life & earth sciences. large labour force and a strategic location in the centre of the Golden Horseshoe make Burlington an attractive community to live and work. Major private-sector employers include MEC, Maple Leaf Meats, Gennum Corporation, Cogeco Cable Canada, and Voortman Cookies Ltd. ppleby Crossing occupies a prominent location in the established retail node at the intersection of ppleby Line and Dundas Street in the North Burlington trade area. Both ppleby Line and Dundas Street serve as major arterial routes with high traffic volumes and provide direct access to the neighbouring municipalities of Hamilton and Oakville. Regional connectivity is strong with Highway 407 located 1.5 kilometres to the north and Highway 403/Queen Elizabeth Way located 3 kilometres to the south. The site features two signalized, full-move access points along ppleby Line, as well as two additional vehicular access points. Moreover, public transportation existing along ppleby Line and Dundas Street provides access via regular bus service. Burlington is a rapidly expanding, above-average income community and considered a twostore market. New and established residential communities to the east, west, and south of ppleby Crossing provide a substantial primary catchment area and the site lies squarely in the northward path of growth of the City of Burlington. TOWN OF BURLINGTON POPULTION 175,000 RESIDENTS HIGHWYS DIRECT CCESS TO 407 & QEW/403 GO TRNSIT CONNECTED TO TORONTO 15-MINUTE CCESS 150,000 PEOPLE PPLEBY LINE 23,000 CRS PSS BY DILY

5 SITE FETURES ppleby Crossing offers a functional campus-style shopping centre layout designed to maximize exposure to vehicular traffic along ppleby Line and facilitate travel within the site. With a wellbalanced and attractive mix of big-box retailers and smaller tenants, the site is comfortable, useful, and accessible for both pedestrians and visitors in vehicles. Tenant Signage Tenant signage and lifestyle panels are present and meet contemporary standards expected of new shopping centres; generous plantings and grass areas throughout the parking fields, medians, boulevards and frontage areas are enhanced by bike rings, benches, and thoughtful pedestrian connectivity markings that encourage safe movements around the property. Parking The site has an abundance of convenient and safe parking (Phase 1 achieves 4.8/1000 sf and Phase rchitecture The detailed architectural treatments of the buildings create an animated and aesthetically pleasing presence throughout the shopping centre. The buildings, all recently constructed, offer strong modern appeal and the majority of units have prominent visual exposure to large daily traffic volumes on both ppleby Line and Dundas Street. Storefronts have been designed to give the centre a high-end feel while tenant prototypes have been well-integrated into the overall design. Featuring high-grade construction materials and tenant finishing, the exteriors are crafted with large spans of masonry with EIFS stucco bulkheads. Slab-on-grade floors are finished to meet the requirements of tenant prototypes. Windows are made of double-pane thermal glazing units with clear anodized aluminum frames while site lighting is generous and exceeds an average of 4.0 footcandles. in high-profile locations on building facades and 2 achieves a 4.5/1000 sf parking ratio). Parking on the site s large, well-crafted, and highly visible is located at storefronts with direct access to pylons located along ppleby Line. pedestrian walkways and no parking stalls feel far Landscaping from the storefronts. Site landscaping features incorporated into the site provide a high-quality shopping experience

6 SITUTE YOURSELF MONG HIGH PROFILE TENNTS Notable retailers such as Fortinos, Winners, Michaels, PetSmart, SportChek, Dollarama, Hallmark, RBC, and Bulk Barn have already recognized the business-building opportunity offered by ppleby Crossing. Join them and become part of this dynamic new retail destination. Locate your business at ppleby Crossing. Existing Retailers:» Passion for Living» Baskin Robbins» Bell World» Bonnie Togs» Bulk Barn» Chagger Dental Centre» Chorizo» Cora Breakfast & Lunch» Dollarama» Extreme Pita» Fionn MacCool s» Flight Centre» Fortinos» Hallmark» Hero Certified Burgers» Hobby & Toy» JF Chen Chinese Food» JT Nails and Spa» Michaels» Pearl Vision» PetSmart» Pizza Pizza» Popeye s» Quiznos Subs» RBC Financial» RBC Insurance» Sally Beauty» Sharkey s Cuts» SportChek» Teo Hair & Spa» The Healing Path» Winners

7 St Cen TRDE RE Parkside Dr 7km ppleby Line ppleby Crossing is part of the existing regional retail node that includes the Walmart shopping centre on the north side of Dundas Street and the new Lowe s Home Improvement store just further to the north. Burlington is a two-store market and ppleby Crossing is located directly in the northward expanding path of growth in the North Burlington trade area. In Burlington, the 2011 average value of owned dwellings was just over $430,000. In 2013, average household incomes were in excess of $127,000/year in the trade area. The surrounding communities of Millcroft, Orchard, Tansley Woods, and Headon Forest feature attractive demographics; within a 5 minute drive of the site, the average 2013 household total income Plains Rd E King Rd QEW Burlington Guelph Line Walker s Line Dundas St ppleby Line 5km 3km Tremaine Rd Britannia Rd ETR was $145,000. This is significantly higher than the average Burlington household total income of $105,000 which, in turn, is higher than the average Ontario income of $86,000 and the average Canada income of $76,000/year. Lakeshore Rd Burloak Dr Bronte Rd Upper Middle Rd W 3rd Line Dundas St E North Oakville QEW lgar Rd

8 CUSTOMER PROFILE Part of the Greater Toronto rea 67.5% of the population over 25 years has a certificate, degree or diploma through a trade, college or university (based on 2011 census data) verage 1.9% annual population growth between 1996 and 2011 (based on 2011 census data) verage value of owned dwellings over $431,943 (based on 2011 census data) 40% booming area for development with over 40% of existing dwellings constructed since 1986 (based on city data) verage 2.5 persons per dwelling (based on city data)

9 DEMOGRPHICS DRIVE TIME 2013 POPULTION 2016 PROJECTED POPULTION 2018 PROJECTED POPULTION s defined by Statistics Canada, 48.8% of couples (married and common-law) in Burlington 0-5 min 42,280 44,817 45,883 have children aged 24 and under at home. This group provides an ongoing dynamic for growth min 145, , ,452 These families characterize the leading edge of suburban development that is typical for the North 0-30 min 1,818,179 1,911,127 1,971,628 Burlington area surrounding ppleby Crossing. Many of these families own newer homes as well as DRIVE TIME 2013 HOUSEHOLD INCOME 2016 PROJECTED HOUSEHOLD INCOME 2018 PROJECTED HOUSEHOLD INCOME SUVs. City Data 0-5 min 0-10 min $145,726 $124,312 $166,626 $142,789 $178,012 $153,113 Key population facts for Burlington:» age segment is the largest of all age segments in Burlington 0-30 min $103,810 $118,420 $126,156» and age segments are proportionately larger than Ontario s» Population segments aged and are DRIVE TIME 2013 HOUSEHOLD EXPENDITURES (TOTL) 2013 HOUSEHOLD EXPENDITURES (GENERL FOOD) 2013 HOUSEHOLD EXPENDITURES (FOOD STORES) proportionately smaller than Ontario s» Overall, Burlington s age profile (by median age) is 1.4 years older than Ontario s 0-5 min $88,967 $11,103 $8, min $79,724 $10,157 $7, min $68,172 $9,115 $6,890

10 GROWTH 190, , , , , , , ,000 95,000 47, POPULTION ppleby Crossing is located in the northern portion of the City of Burlington. This rapidly growing, mainly residential area has seen considerable residential development over the past 15 years and is located directly in Burlington s path of growth. For example, the lton Village residential development situated just north of the subject property continues to grow. The community will contain over 3,300 dwelling units and will feature a mix of detached homes, Census Canada 2016 & 2021 Estimate - Halton Region Business Development Centre: Population townhouses, and condominiums within ppleby Crossing s primary trade area. Established residential communities south of the subject include Millcroft, Pinedale, Headon Forest and Brant Hills. These developments consist of single detached and semi-detached moderate to highend housing. ccording to the Ontario Ministry of Finance, Halton Region is projected to be the fastest-growing census division in Ontario between 2012 and 2036, with growth of 67.2% to 2036.

11 Triovest Realty dvisors Inc. Brokerage 40 University venue, Suite 1200 M5J 1T1 COMPNY PROFILE Triovest Realty dvisors Inc. is a fully integrated real estate advisory company. Proudly Canadian, our portfolio of commercial real estate extends across the country and represents a significant history of successful relationships with institutional and private investors. Our approach to commercial real estate development is to continually seek opportunities to improve and enhance properties to achieve their full potential. Visit us at triovest.com ppleby Line at Dundas Street West (Highway 5) Burlington, ON L7L 0B6 Leasing: